#BTCvsMarkets
๐ $BTC Market Update:
82,882.19
-0.75%
๐ Time Frame = 1 Week
Currently Btc is Moving in A Range Zone of 78k to 89k Zone. There are few Scenerioes for Btc's Next Move, Let's Discuss Step by Step:
Key Zones:
โข Btc is Facing a Strong Resistance at 89k to 90k Zone
โข A lot of liquidity available Below 78k
โข 67k to 72k is the Strong Support Zone
โข 49k is the lowest level (HL) of Bull Trend
Zones Explanation:
โข Currently there are most Chances that Btc will Grab the Downside liq of 78k and it can tap 67k to 72k Zone which is the Strongest Support. I will Explain this in next Update on Daily Time Frame.
โข But if Btc Closes Weekly Candle 89400 then the upper Update will be Invalidated and we will be set for New Higher Highs.
Conclusions:
Bear Market is not Started yet. This is just a normal pullback on Weekly Time frame that's why it's looking big. Don't Worry just hold on your positions and keep Buying the Dips in Strong plays. You will Witness a Ath Again ๐ฅ
Stay Blessed ๐